Has reduced fees on over $20
billion in AUM this year
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BOSTON, Sept. 23, 2021 /PRNewswire/ - John Hancock
Investment Management, a company of Manulife Investment Management,
today announced a 5 basis point (bps) reduction to the advisory fee
schedule for its $12 billion John
Hancock Disciplined Value Fund, effective October 1, 2021.1 The fund, subadvised
by Boston Partners, seeks to outperform over time by limiting
downside risk in falling markets while keeping pace in rising
markets. The portfolio management team includes Mark E. Donovan, CFA, David J. Pyle, CFA, Stephanie T. McGirr, David T. Cohen, CFA, and Joshua C. White, CFA.
"We're thrilled that through the exceptional growth of the fund
platform—with a CAGR of more than 15% over the past 10 years—we've
been able to pass savings to our shareholders and have reduced fees
on over $20 billion in AUM this year
alone," said Andrew G. Arnott, CEO,
John Hancock Investment Management, and head of wealth and asset
management, Manulife Investment Management, United States and Europe. "We believe we're well positioned to
capture the opportunity in large-cap value, driven by the veteran
portfolio management team at Boston Partners, which continues to
deliver strong performance for our clients."
"We continually review the expenses of all of our funds to
ensure that they're competitively priced and that the funds are
adding value to our shareholders; we're very active on this front,"
added Gina A. Walters, head of
strategy, implementation and innovation, United States and Europe, Manulife Investment Management. "Over
the past 10 years, 88% of our current assets have had their net
expense ratios reduced, either due to management actions, such as
this permanent decrease in advisory fees, or due to asset growth."
About John Hancock Investment Management
A company of
Manulife Investment Management, we serve investors through a unique
multimanager approach, complementing our extensive in-house
capabilities with an unrivaled network of specialized asset
managers, backed by some of the most rigorous investment oversight
in the industry. The result is a diverse lineup of time-tested
investments from a premier asset manager with a heritage of
financial stewardship.
About Manulife Investment Management
Manulife
Investment Management is the global wealth and asset management
segment of Manulife Financial Corporation. We draw on more than a
century of financial stewardship and the full resources of our
parent company to serve individuals, institutions, and retirement
plan members worldwide. Headquartered in Toronto, our leading capabilities in public
and private markets are strengthened by an investment footprint
that spans 18 geographies. We complement these capabilities by
providing access to a network of unaffiliated asset managers from
around the world. We're committed to investing responsibly across
our businesses. We develop innovative global frameworks for
sustainable investing, collaboratively engage with companies in our
securities portfolios, and maintain a high standard of stewardship
where we own and operate assets, and we believe in supporting
financial well-being through our workplace retirement plans. Today,
plan sponsors around the world rely on our retirement plan
administration and investment expertise to help their employees
plan for, save for, and live a better retirement.
As of June 30, 2021, Manulife
Investment Management's assets under management and administration,
including assets managed for Manulife's other segments, totaled
CAD$1 trillion (US$834 billion). Not all offerings are
available in all jurisdictions. For additional information,
please visit manulifeim.com.
1. John Hancock Disciplined Value Fund total net assets were
US$12.15 billion as of September 21, 2021.
Compound Annual Growth Rate (CAGR) and assets under management
with net expense ratio reductions are as of 8/31/2021 from ISS Market Intelligence SIMFUND
and are based on John Hancock Investment Management retail-sold
funds only excluding closed-end funds, money market funds, SMAs,
ETFs, college savings plan, asset allocation models, using the
annual report net expense ratios from 2011 through 2020.
© 2021 John Hancock Investment Management. All rights
reserved.
There is no guarantee that any investment strategy illustrated
will be successful or achieve any particular level of results. This
material is for informational purposes only and is not intended to
be, nor shall it be interpreted or construed as, a recommendation
or providing advice, impartial or otherwise, regarding any
security, mutual fund, ETF, sector, or index. Investors should
consult with their financial professional before making any
investment decisions.
Clients should carefully consider a fund's investment
objectives, risks, charges, and expenses before investing. To
request a prospectus or summary prospectus with this and other
important information, call us at 800-225-6020, or visit us at
jhinvestments.com.
Value stocks may decline in price. Foreign investing, especially
in emerging markets, has additional risks, such as currency and
market volatility and political and social instability. Large
company stocks could fall out of favor, and illiquid securities may
be difficult to sell at a price approximating their value. Please
see the fund's prospectus for additional risks.
John Hancock Investment Management Distributors LLC, Member
FINRA, SIPC, 200 Berkeley Street, Boston,
MA, 800-225-6020, jhinvestments.com
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SOURCE John Hancock Investment Management